What was particularly remarkable about 2015 was that during this
year's eight Federal Open Market Committee meetings, with 10
members voting at each meeting, there were only
two
dissenting votes (both from Richmond Fed President Jeffrey
Lacker).

"With such divergent views about monetary policy in the market it
is interesting how united the FOMC has been in their views about
policy during the year of liftoff," Deutsche Bank's Torsten Slok
said Wednesday in an email.

Deustche Bank

Slok thinks we'll see more of this.

"As the Fed raises rates at a turtle speed in 2016 I believe we
will see a decline in the standard deviation of the views in the
market," he said. "In other words, instead of focusing intensely
on minor tail risks more investors will come around to the view
that the economy is moving closer and closer to full capacity and
that is why the Fed needs to push rates higher."

Whatever happens, we can at least say Yellen has done a
remarkable job of convincing the voting members of the Fed that
monetary policy is on the right track.

For some historical reference, here's a tally of dissents under
Yellen's predecessors at the Fed (via
the St. Louis Fed):